Pt Reasuransi Nasional Indonesia

Pt Reasuransi Nasional Indonesia. PT Reasuransi Nasional Indonesia Entity featured on Fitch Ratings Credit Ratings Research and Analysis for the global capital markets Action DowngradeRating BBDate 13Jan2022.

PT Reasuransi Nasional Indonesia Thu 14 Nov 2019 351 AM ET Strong Domestic Market Profile Nasional Re is one of the largest reinsurers in Indonesia with an estimated market share of 33% by gross premiums in 2018 Its market presence is underpinned by wide product offerings as well as regulation which requires Indonesian insurers to cede risk in certain segments to local reinsurers.

PT Reasuransi Nasional Indonesia Credit Ratings :: Fitch Ratings

Strong Domestic Market Profile PT Reasuransi Nasional Indonesia (Nasional Re) is one of the largest reinsurers in Indonesia with an estimated market share of 23% by gross premiums in 2020 Its market position is underpinned by a wide product range and regulation that requires Indonesian insurers to cede risk in certain segments to local reinsurers.

PT. Reasuransi Nasional Indonesia

Hubungi Kami Lokasi dan Kontak Lokasi dan Kontak Pengaduan Pelanggan Media Sosial.

Tentang Perusahaan PT. Reasuransi Nasional Indonesia

Key Rating DriversRating SensitivitiesBest/Worst Case Rating ScenarioESG ConsiderationsApplicable ModelsAdditional DisclosuresThe affirmations reflect the company&#39s &#39Strong&#39 financial performance &#39Favourable&#39 business profile and &#39Moderately Weak&#39 capitalisation NasionalRe is one of Indonesia&#39s largest reinsurers with market share of 23% (2019 31%) by total domestic reinsurance gross premiums in 2020 The fall in the market share was mainly due to tougher competition as a new competitor entered the market Nonetheless Fitch still views NasionalRe&#39s business profile as &#39Favourable&#39 compared with that of all other reinsurance companies in Indonesia due to its leading business franchise a business risk profile that is on a par with the sector and diverse business lines Fitch sees NasionalRe&#39s financial performance as &#39Strong&#39 Underwriting performance has been sound with a combined ratio of below 100% for the last three years Its nonlife combined ratio increased to 96% by end2020 (2019 91%) due to higher claims ratio while premiums stagnated Fitch expects NasionalRe to keep its underwriting busin Factors that could individually or collectively lead to positive rating action/upgrade IFS and National IFS Ratings Sustained improvement in NasionalRe&#39s capitalisation with its regulatory riskbased capital ratio consistently above 200% Maintenance of NasionalRe&#39s business profile including market position and further diversification Maintaining operating performance with a nonlife combined ratio consistently below 93% Factors that could individually or collectively lead to negative rating action/downgrade IFS and National IFS Ratings Significant deterioration in capitalisation with a regulatory riskbased capital ratio persistently below 160% A weakening business profile in terms of market franchise and operating scale Significant deterioration in operating performance with a nonlife combined ratio above 105% over a prolonged period International scale credit ratings of Financial Institutions and Covered Bond issuers have a bestcase rating upgrade scenario (defined as the 99th percentile of rating transitions measured in a positive direction) of three notches over a threeyear rating horizon and a worstcase rating downgrade scenario (defined as the 99th percentile of rating transitions measured in a negative direction) of four notches over three years The complete span of best and worstcase scenario credit ratings for all rating categories ranges from &#39AAA&#39 to &#39D&#39 Best and worstcase scenario credit ratings are based on historical performance For more information about the methodology used to determine sectorspecific best and worstcase scenario credit ratings visit https//wwwfitchratingscom/site/re/10111579 NasionalRe has an ESG Relevance Score of 4 for exposure to environmental impact because most of company&#39s premium income is from the domestic market which has a negative impact on the credit profile and is relevant to the ratings in conjunction with other factors Indonesia is geographically widespread and faces multiple hazards including flooding earthquakes landslides tsunamis and volcanoes Unless otherwise disclosed in this section the highest level of ESG credit relevance is a score of &#393&#39 This means ESG issues are creditneutral or have only a minimal credit impact on the entity either due to their nature or the way in which they are being managed by the entity For more information on Fitch&#39s ESG Relevance Scores visit wwwfitchratingscom/esg Additional information is available on wwwfitchratingscom Numbers in parentheses accompanying applicable model(s) contain hyperlinks to criteria providing description of model(s).